Volkswagen to cut 50,000 jobs as profits drop

Europe's largest carmaker said post-tax profits had dropped to their lowest level since 2016.

Volkswagen's earnings after tax fell 44% in 2025 to €6.9 billion, its lowest since 2016, hit by US tariffs, China competition, and Porsche restructuring costs.

Volkswagen announces plans to reduce 50,000 jobs in Germany by 2030 due to declining sales in China and North America, and the impact of U.S. tariffs.

Volkswagen plans to cut 50,000 jobs in Germany by 2030 amid fierce competition in China, stagnant demand in Europe, and U.S. tariffs.

Audi, a subsidiary of Volkswagen, plans to cut up to 7,500 jobs in Germany by 2029 in areas like administration and development.

Volkswagen announces plans to cut 50,000 jobs in Germany by 2030 as its profit slides to its lowest level since 2016.

Volkswagen reports a significant profit decline and announces plans to cut 50,000 jobs in Germany by 2030 to regain efficiency.

Volkswagen announces plans to cut 50,000 jobs in Germany by 2030, citing profit decline and challenges in key markets.

Volkswagen announces plans to cut 50,000 jobs in Germany by 2030 as its profit slides to its lowest level since 2016.